200% increase in invoice and payment fraud BEC attacks
There has been a 200 percent increase in BEC attacks focused on invoice or payment fraud from April to May 2020, according to Abnormal Security. This sharp rise continues the …
online payment
PCI SSC updates standard for payment devices to protect cardholder data
The PCI Security Standards Council has updated the standard for payment devices to enable stronger protections for cardholder data. Meeting the accelerating changes of payment …
Magecart attackers hit Claire’s, Intersport web shops
Magecart attackers have compromised web shops belonging to large retail chains Claire’s and Intersport and equipped them with payment card skimmers. Claire’s The …
Is the stress of card fraud worth the digital convenience?
With a growing portion of consumers having now fallen victim to card fraud, anxiety about the security of our digital accounts is spiking, according to a survey by Marqeta. …
Pandemic driving global e-commerce growth, but fraud is on the increase too
The COVID-19 crisis is driving the global growth of e-commerce sales, with millions of consumers worldwide in quarantine shopping for goods, services and entertainment online. …
As consumers turn online for purchases, many are targeted by pandemic-related digital fraud
There has been a spike in digital commerce since social distancing became widespread globally, according to a TransUnion research. The research found a 23% increase in global …
Online payment fraud attempts see 73% increase
Online payment fraud attempts increased by 73 percent in 2019, according to a report from Sift. Additional findings in the report reveal that cybercriminals are using mobile …
More authentication and identity tech needed with fraud expected to increase
The proliferation of real-time payments platforms, including person-to-person (P2P) transfers and mobile payment platforms across Asia Pacific, has increased fraud losses for …
As the online shopping season begins, consumers worry about cybercrime
A majority of U.S. consumers plan to do most of their holiday shopping online for the first time ever, yet a survey from F-Secure finds that most internet users remain …
Merchants must find ways to balance security with a seamless customer experience
69% of U.S. merchants reported that significant amount of company time and expense is dedicated to dealing with payment fraud, in a survey by American Express. Balance …
Cybercriminals targeting e-commerce website vulnerabilities this holiday season
Expect unprecedented levels of online data theft this holiday season due to a lack of deployed client-side security measures. Disturbing lack of security measures Tala …
Risky behavior exposes consumers to seasonal security scares
In advance of the peak shopping season, a study from PCI Pal shows that millions of Americans continue to over-indulge in risky behaviors – both online and on the phone, …
